tci Medicare Compliance & Reimbursement - 2014 Issue 20

Industry Notes: Wondering Why Your PQRS Payment Is Low? Look at Sequestration

The Centers for Medicare & Medicaid Services (CMS) has finally released the 2013 Physician Quality Reporting System (PQRS) incentive payments, and if the number is lower than you expected, you can look to the sequestration pay cuts for the answer. “As required by law, President Obama issued a sequestration order on March 1, 2013,” CMS said in a Sept. 26 announcement. “Under these mandatory reductions, PQRS incentive payments made to eligible professionals and group practices have been reduced by two percent. This two percent reduction affected PQRS incentive payments for reporting periods that ended on or...

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